State Social Protection Fund (SSPF) reported that it allocated to its local offices pension funds for December 2012. In December, the payment will be 209 million manat, all expense accounts are closed, so there is no debt to pensioners.
As the Chairman of the Fund Salim Muslimov said this year the allocation from the state budget to the treasury accounted 1.044 billion manat. Legislative expectations for revenue were at 2 billion 454.3 million manat, while actually received was 2 billion 484.2 million manat.
According to him, on the treasury account there is about 24 mln AZN of additional funds that will be used to finance the following year.
"As of October 1, the average monthly pension in Azerbaijan is 152 manat, and on age it is 168 manat. In 2013, pensions will increase by 9.1% under the expected inflation rate less than 6%, and the average will be 163 manat. The pension sum will exceed $ 200 for the first time," he added. - 17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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